. $3K per month as an LTR x 12 months = $36K $4K per month as an MTR x 9 months = $36K Vacancy is a huge factor. 

You shouldn't need a VOE (verification of employment) since this loan type doesn't factor in employment history or income. 

Things rent quickly here with or without the college kids factored in.

@Kearsten M HiggsTo invest in real estate, set clear goals, focus on education, consider market, lifestyle, and financial goals, and analyze deals using tools like BiggerPockets' Rental Property Calculator.

Section 8 tenants can be great, but the properties do have to meet specific housing standards, so factor in potential renovation costs to ensure compliance.

Also, don't foget to factor in charging for your ongoing time if the MTR guest requires assistance during their stay.

It really depends on a number of factors as others mentioned. 

Here's a guide to some common terms, rates, and factors you might consider when structuring seller financing for your rental house in Memphis:1.

All those things factor into this arena though.  

Also make sure that you're up to date on the rules for the city state and county as it pertains to rooming houses and factor in higher than average insurance costs as you do your DD.